Disclaimer

The budget
proposals and other tax changes are summarised on these pages. The proposals
may, however, be amended significantly before enactment. The content of this
communication is intended to provide a general guide to the subject matter and
should not be regarded as a basis for ascertaining liability to tax or
determining investment strategy in specific circumstances. Although we
endeavour to provide accurate and timely information, there can be no guarantee
that such information is accurate as of the date it is received or that it will
continue to be accurate in the future. No one should act upon such information
without appropriate professional advice after a thorough examination of the
particular situation.